A STUDY by fuel price information service and app, PetrolPrices.com has revealed that UK motorway service stations are charging up to 37p per litre of fuel more than their nearest station, taking advantage of the captive market.
In a 36-page petition, petitioners led by Bayan Muna chair and senatorial candidate Neri Colmenares said the imposition of the bill deposit against its captive market is illegal and against its duty under its franchise to promote consumer interest.
The proposed 'Rules Governing the Procurement, Execution, and Evaluation of Power Supply Agreements Entered Into by Distribution Utilities for the Supply of Electricity to their Captive Market' aim to prescribe guidelines on default contractual provisions and minimum standard format in order to make the process of power-supply contracting clear and efficient, said the regulator.
The energy official explained that project location, financial closing as well as the existence of a captive market' or anchor load for the LNG import facility had been among the justifications required by the DOE on its issuance of a notice-to-proceed (NTP) to the Uy-CNOOC tandem.
The situation was worsened by the fact that, with parts of the former Soviet Union no longer ruled from Moscow, what used to be a captive market for petrochemicals was fragmented into a dozen new countries where Russia is one among competitors.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.